The esports industry is expected to grow at 46 per cent CAGR to grow over fourfold from Rs 2.5 billion in 2021 to Rs 11 billion by 2025, according to the EY report.
The report outlined that the prize money pool in India is expected to grow at 66 per cent CAGR to reach Rs 1 billion.
As the Indian esports industry grows at a faster pace than the global esports industry, India is picking up the pace in growing its prize pool as well.
The Indian esports prize pool accounts for a meagre 0.6 per cent of the global prize pool but is expected to reach almost 2 per cent by 2025.
It is estimated that India currently has 150,000 players and around 60,000 teams. As esports becomes a viable profession for the youth, the number of players playing esports is expected to grow at 78 per cent CAGR by 2025 to reach 1.5 million players and 250,000 teams.
The report also said that esports will generate a total economic impact of over Rs 100 billion in the next 3-4 years through investments, direct industry revenues, in-app purchases and other revenues.
Meanwhile, the esports industry is expected to create over 11,000 direct and indirect jobs by 2025. Apart from that, Streaming ad revenue is expected to quadruple to Rs 6.5 billion by 2025 generating the largest portion of esports revenues.